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$ 550,000
Est. payment /mo
Active
2600 N Houston St Hobbs, NM 88240-2057
10 Beds
5 Baths
4,053 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,053 sqft
Price per Sqft $135
Bedrooms 10
Full Baths 5
Lot Size 9,197 Sqft
Property Description
Investment Opportunity – Fully Occupied 5-Unit Multifamily Property | 9% Cap Rate
This well-maintained multifamily property offers a total of 5 rental units, consisting of two duplexes and one stand-alone unit. Fully occupied and generating strong rental income, this property boasts a solid 9% cap rate, making it an excellent investment opportunity.
Recent upgrades include fresh exterior paint and new security doors for enhanced curb appeal and tenant security. One of the units has been tastefully remodeled, featuring new tile flooring throughout, a modernized bathroom, and the addition of a washer/dryer hookup—offering added convenience and value.
Ideally located near shopping, schools, the post office, and a variety of local restaurants, this property offers tenants convenience and accessibility, contributing to high occupancy and stable cash flow.
Don't miss this chance to own a fully leased, income-producing asset with immediate returns and future upside potential.
This well-maintained multifamily property offers a total of 5 rental units, consisting of two duplexes and one stand-alone unit. Fully occupied and generating strong rental income, this property boasts a solid 9% cap rate, making it an excellent investment opportunity.
Recent upgrades include fresh exterior paint and new security doors for enhanced curb appeal and tenant security. One of the units has been tastefully remodeled, featuring new tile flooring throughout, a modernized bathroom, and the addition of a washer/dryer hookup—offering added convenience and value.
Ideally located near shopping, schools, the post office, and a variety of local restaurants, this property offers tenants convenience and accessibility, contributing to high occupancy and stable cash flow.
Don't miss this chance to own a fully leased, income-producing asset with immediate returns and future upside potential.
Location
State NM
County Lea
Listed by Erin Anderson • Permian Real Estate
